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president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. and president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in technology stocks and much else that created surpluses in the latter half of the clinton presidency. it's a more complicated picture. definitely there are folks who want tax increases but let's not gloss over president obama is talking about way higher taxes than we saw during the clinton era on the high earners. >> that's true. all right. want to talk about a party going on tonight. james, pretty good. there is a party going on, jack kemp foundation is having a party and marco rubio is speaking. paul ryan is speaking. they both want to have complete makeovers. you know -- marco rubio doesn't want to
president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. and president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in technology stocks and much else that...
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say that the republicans and i think at the end of the day, they probably will give bill clinton, barack obama his tax increase on the rich, but you know what? we go into 2013 with still a trillion dollar deficit and the question i ask you two and president obama if he were on the show, what's act two? what do we do next? >> you do agree with stephen on one thing and that is that there is some work to be done on inefficient spending? >> the best funding program we have in the government is social security. health care. for every dollar, the other three modern countries spend per capita in other dollar, we spend $2.64 and still have 50 million people without insurance. if we could get france's health care system, widely regarded as the best in the world, we could eliminate 40% of income taxes and still have the same deficit. if you look at the federal budget numbers, the budget is coming way down. the economy is improving. higher tacks allow us to create jobs where people are investing in things that make commerce work better. all private wealth is built on a foundation of commonwealth. i
say that the republicans and i think at the end of the day, they probably will give bill clinton, barack obama his tax increase on the rich, but you know what? we go into 2013 with still a trillion dollar deficit and the question i ask you two and president obama if he were on the show, what's act two? what do we do next? >> you do agree with stephen on one thing and that is that there is some work to be done on inefficient spending? >> the best funding program we have in the...
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tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger package, but i agree with you. i think we have to get serious about these spending cuts. i just applied for social security and i want mine. >> all right. rich, appreciate it. eric, thanks. let us know what you think. follow me on twitter. i'm tweeting tonight. >>> just ahead, 21 months after bashir al assad began killing his own people, the fighting is raging in syria. the rest of the world may finally be convinced things are critical there. senator john mccain is asking what took so long. more from him ahead. if we want to improve our schools... ... what should we inves
tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger...
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. >> ford is your we offered a serious proposal based on testimony of friends that clinton's former chief of staff. since then there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to a slow walk our economy right to the edge of the fiscal cliff. gerri: earlier i asked republican senator richard shelby of alabama for his take on the comments from boehner. >> i believe that speaker boehner is on the right track. the president has not come uptown now, been deeply involved, that we know about , in any of these offers are counteroffers. dealers said he has been campaigning to meet. but he has to get involved if he wants to avoid the fiscal cliff. i think that the speaker has indicated that he will try to engage in, try to meet him and try to avoid the fiscal cleft that the presiient is going to continue to say it is my way or the highway, that is another game. gerri: it is. harry reid today saying that the game is at chess game, and the republicans are the jets. here is harry reid. >> he has a problem. he has three
. >> ford is your we offered a serious proposal based on testimony of friends that clinton's former chief of staff. since then there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to a slow walk our economy right to the edge of the fiscal cliff. gerri: earlier i asked republican senator richard shelby of alabama for his take on the comments from boehner. >> i believe that speaker boehner is on the right...
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we need to go back to the clinton era rates for the most well off americans. it's not going to kill us. the line between freedom and tyranny is not the 35 we pay now and the 39 that the rich will pay as we did when america was a communist paradise. it's just silly now. you've got to be for a tax rate increase or we will go over this fiscal cliff. >> no, you don't. you could raise from a carbon tax of $20 a ton, which will deal with, we are having the biggest record carbon levels. you could raise -- at 4% a year over the next ten year, twice as much as you could from allowing the bush tax rates to lapse. why the income tax system is overburdened in the united states. we use it too much. we should be looking at other taxes. we can't do it in 29 days. why are we doing it in 29 days? >> but the president ran on >> the republicans must agree to higher tax rates on well off americans. all the way to the 39.6 that the president, they have to. that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have
we need to go back to the clinton era rates for the most well off americans. it's not going to kill us. the line between freedom and tyranny is not the 35 we pay now and the 39 that the rich will pay as we did when america was a communist paradise. it's just silly now. you've got to be for a tax rate increase or we will go over this fiscal cliff. >> no, you don't. you could raise from a carbon tax of $20 a ton, which will deal with, we are having the biggest record carbon levels. you...
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>> what do secretary of state hillary clinton, chris christie and honey boo boo have in common? they've all been placed on barbara walters' most fascinating list. honey boo boo has her fair share of critics including adam lee convenient and south parks. she's sweet loving. look at that face. >> so that's not a sign? >> what? >> of the myan prophecy. >> i knew you were going there. >> that's scary. >> all right. next on fast city stores, is it safe to get into this stock? our traders will make the call. special dividends are all the rage. is there one etf? we've got an under the radar name. that is next on "fast." [ male announcer ] with wells fargo advisors envision planning process, it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [
>> what do secretary of state hillary clinton, chris christie and honey boo boo have in common? they've all been placed on barbara walters' most fascinating list. honey boo boo has her fair share of critics including adam lee convenient and south parks. she's sweet loving. look at that face. >> so that's not a sign? >> what? >> of the myan prophecy. >> i knew you were going there. >> that's scary. >> all right. next on fast city stores, is it safe to...
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it was a compromise act signed by bill clinton. always seemed unconstitutional. even the justice department won't defend doma. so they can wrap it just on invalidating doma without answering the question of the validity of same-sex marriage. that's an easy way to do it. that's what supreme court decisions often will resolve cases by. look at the procedural issue. this is an answer the american people want. the supreme court recognizes that. they will make a ruling on it. this court will decide this. >> hang on, guys. a wisconsin dad is on the hook for $90,000 in back child support. he had nine kids with six different women. what the judge said he can't do anymore until he pays up. legal guys will weigh in on that as well. >>> and the looming fiscal cliff. the president says raising money on the wealthiest americans could raise a trillion dollars. from the best players in history to the number 1 club in the world. the potential of manchester united unlocked. nyse euronext. unlocking the world's potential. since ameriprise financial was founded back in 1894, they'v
it was a compromise act signed by bill clinton. always seemed unconstitutional. even the justice department won't defend doma. so they can wrap it just on invalidating doma without answering the question of the validity of same-sex marriage. that's an easy way to do it. that's what supreme court decisions often will resolve cases by. look at the procedural issue. this is an answer the american people want. the supreme court recognizes that. they will make a ruling on it. this court will decide...
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president clinton did listen to him. and i'll tell you, i talked to bob rubin about that anecdote where clinton says you tell me a bunch of bond traders control the economy -- i'm paraphrasing -- and rubin said, yes, i am. i asked him about that once a couple years ago, and he said it was true. it wasn't as dramatic woodward made it out to be, but it did has happen. but you didn't get that out of geithner. you kind of don't think you'll get that out of lew. he's very much aligned intellectually with president obama particularly on the notion of fairnesses. you know, you talk to economistses. should we really be raising taxes now? no. hour hour tax increases, we're going to lose the deductions -- >> probably shouldn't be cutting that much. the economy is like in a very weird state right now, kind of like i think the notion is to grow it now, you know? and, you know, this guy doesn't see that. he sees raising taxes not as an economic efficiency so to speak, but as you know, you don't get a lot of tax revenues out of that,
president clinton did listen to him. and i'll tell you, i talked to bob rubin about that anecdote where clinton says you tell me a bunch of bond traders control the economy -- i'm paraphrasing -- and rubin said, yes, i am. i asked him about that once a couple years ago, and he said it was true. it wasn't as dramatic woodward made it out to be, but it did has happen. but you didn't get that out of geithner. you kind of don't think you'll get that out of lew. he's very much aligned intellectually...
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bill clinton, number 50. no hillary clinton or not list. way down at number 65, below the colombian drug deale erdealer, . boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on this third term that he has figured out a way to have. he's a publisher. he's a 15th richest guy -- most powerful guy on our list, one of the richest men in the world. >> and a quick thought on ilan musk -- we've heard his name but he doesn't get a lot of attention. why is he in the top 70? >> when you think about the entrepreneurial ethos that forbes tries to represent, the people, places and companies that we try to describe an entrepreneurs in particular, here's a guy who founded paypal. here's a guy who's at the front of the tesla automobile. he's now moving cargo th
bill clinton, number 50. no hillary clinton or not list. way down at number 65, below the colombian drug deale erdealer, . boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on...
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ambassador to the united nations under president clinton nancy and nile at the heritage foundation. all right, nancy, let's look at your reaction. dick cheney comes out and says we are not respected and not feared. chaos everywhere. and we're not really seeing leadership from washington. what's your reaction to that? >> he is just out of touch and should take a page out of president bush's book and stay on the sidelines, write his memoirs but he is really not looking at the world as it is today. president obama has made this world safer. he has restored america's respect around the world. and it's actually teed up to have an extraordinary second term to make progress to keep us safe on a range of issues. i'm sure that's what he will do. >> laura: if you are somebody who doesn't follow things closely but you look at the images on television and syria, clashes in egypt, islamism rising through the parts of africa. it doesn't look like especially religious minorities, cause of freedom is really being respected. it seems like chaotic is a very mild way of describing it. >> the world is
ambassador to the united nations under president clinton nancy and nile at the heritage foundation. all right, nancy, let's look at your reaction. dick cheney comes out and says we are not respected and not feared. chaos everywhere. and we're not really seeing leadership from washington. what's your reaction to that? >> he is just out of touch and should take a page out of president bush's book and stay on the sidelines, write his memoirs but he is really not looking at the world as it is...
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you can't return to clinton prosperity only raising taxes on 2%. it's different for all taxpayers. am i right? >> you're almost entirely wrong. >> why would raising just on the 2% get us back to the clinton prosperity you're talking about? we can't return to the spending levels either. >> getting to a sound fiscal position is necessary to protect the economy. if we don't do that, as this economy recovers, that recovery is going to be aborted and that's going to do damage. then the question is how you get there, and the president believes that we should raise revenues with a tax system that has been proven in the past to go along with very substantial -- >> you can't conflate the two. you have the entire -- >> joe, joe, if you go back to this, i'm not sure what you're arguing. >> raising on 2% is different than the other structure. >> the reason it's different is that the tax rate on everybody else is going to be lower. >> right. so you don't have nearly as much money to balance the budget in the '90s. >> many other things have changed in the interim and we have set as a framework a
you can't return to clinton prosperity only raising taxes on 2%. it's different for all taxpayers. am i right? >> you're almost entirely wrong. >> why would raising just on the 2% get us back to the clinton prosperity you're talking about? we can't return to the spending levels either. >> getting to a sound fiscal position is necessary to protect the economy. if we don't do that, as this economy recovers, that recovery is going to be aborted and that's going to do damage. then...
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even bill clinton agrees. here's what he said at a conference i saw him at back in may. >> i think you could tax me at 100% and you wouldn't balance the budget. we're all going to have to contribute to this and if middle class people's wages were going up again and we had some growth in the economy, i don't think they would object to going back to the tax rates. >> with no breakthrough today, fiscal cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racing taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there are several democrats who have floated that for a while. the code word is we want to go back to the clinton tax rates and talk about the clinton economy that we had a much more vigorous econ
even bill clinton agrees. here's what he said at a conference i saw him at back in may. >> i think you could tax me at 100% and you wouldn't balance the budget. we're all going to have to contribute to this and if middle class people's wages were going up again and we had some growth in the economy, i don't think they would object to going back to the tax rates. >> with no breakthrough today, fiscal cliff negotiations, could this be a starting point? "outfront" republican...
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hillary clinton, the secretary of state, she said the u.s. is prepared, in her words, to take action if the syrian regime, the syrian government of bashar al assad were to use chemical weapons or even move around chemical weapons stockpiles, many of which are near the jordanian border. >> a lot of which is near the jordanian border. we have been aware of this for a while. we're working very, very diligently to monitor that. this is a game changer. >> as far as jordan is concerned -- >> as far as the world is concerned. >> you saw that story in "the atlantic" magazine, they posted it on their website, that israel has asked jordan for permission to go in there and attack those chemical weapons sites in syria. >> i saw the report. i'm not aware of these contacts. but this affects all the countries of the region. it will be a game changer in the sense that the world will not stand still and watch these chemical and by logical weapons being used or the threat of them being used. it is going to be a game changer. so far, the lack of unanimity on ho
hillary clinton, the secretary of state, she said the u.s. is prepared, in her words, to take action if the syrian regime, the syrian government of bashar al assad were to use chemical weapons or even move around chemical weapons stockpiles, many of which are near the jordanian border. >> a lot of which is near the jordanian border. we have been aware of this for a while. we're working very, very diligently to monitor that. this is a game changer. >> as far as jordan is concerned --...
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>> it's not just the clinton tax rates. we had a pretty good economy under bill clinton. >> different spending rates, too, back then, governor. >> well, that's right. it's also cuts in defense which we haven't had in 30 years and a cut in human services, which i'd rather not do, but i think everybody needs to something on the table to get what we need to get. it's the best deal for the country. we'll have a recession. the cbo thinks and i agree with this, we'll have 1.3% negative growth for two quarters and we'll go back with a slightly less than 2% growth rate for the entire. we're not going to get out of this without pain. anybody when thinks we'll get through the deficit problem without having to do some sacrificing is wrong. what this does in my view as a democrat is it distributes the burden of the pain fairly, that is, we go back to the clinton tax rates for everybody, not just for rich folks. and we had a good economy under bill clinton. we go back -- we get -- cuts in defense spending which we know is higher than it
>> it's not just the clinton tax rates. we had a pretty good economy under bill clinton. >> different spending rates, too, back then, governor. >> well, that's right. it's also cuts in defense which we haven't had in 30 years and a cut in human services, which i'd rather not do, but i think everybody needs to something on the table to get what we need to get. it's the best deal for the country. we'll have a recession. the cbo thinks and i agree with this, we'll have 1.3%...
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barack obama won, so they liked hillary clinton. if hillary clinton had won in 2008, you would hear lots of republicans saying, none of this would be happening if that idealistic barack obama had won instead. if hillary clinton is the nominee in 2016, this will be an election decided by three or four percentage points. it will not be a 57/30 election. >> it always tightens. i'm curious about the other side since you're talking about 2008. marco rubio and paul ryan both spoke at this dinner and they were -- these were speeches where they're trying to define themselves as who they are. both probably going to run in 2016. how would a rubio/ryan stack up against a hillary clinton? in a sense it sort of feels like 2008 reversed, right, except for experience would come on the democratic side with hillary and the youth and this sort of idealism might perhaps come from a rubio or ryan on the republican side? >> well, if i look at that poll you were referring to, hillary clinton is the overwhelming favorite among young people, especially you
barack obama won, so they liked hillary clinton. if hillary clinton had won in 2008, you would hear lots of republicans saying, none of this would be happening if that idealistic barack obama had won instead. if hillary clinton is the nominee in 2016, this will be an election decided by three or four percentage points. it will not be a 57/30 election. >> it always tightens. i'm curious about the other side since you're talking about 2008. marco rubio and paul ryan both spoke at this...
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saying, point-blank, they do want a two-step process for tax reform, raise the rates on the top 2% to clinton levels now and let next year be a time for negotiating rates for the future and maybe everybody could lower the rates for everyone during that time. >> dana, how much of this do you think is just public posturing and kind of bloviating on partisan cable channels? it does seem like there's a lot of that going on. >> reporter: so much of that is public posturing and bloviating. but i think the difference between now and what we've seen in past high-stakes negotiations like this, you have the public posturing, the bloviating and the, okay, guys, let's roll up our sleeves and talk about what's really going on. by all accounts, that's not happening right now. just like you said, the fact you said it's news the president and speaker had their first phone conversation which got nowhere in a week is really amazing. and it speaks to the lack of the real conversations going on behind the scenes. i will say that, you know, back to what david and jessica were saying, david particularly, about the
saying, point-blank, they do want a two-step process for tax reform, raise the rates on the top 2% to clinton levels now and let next year be a time for negotiating rates for the future and maybe everybody could lower the rates for everyone during that time. >> dana, how much of this do you think is just public posturing and kind of bloviating on partisan cable channels? it does seem like there's a lot of that going on. >> reporter: so much of that is public posturing and...
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he increased the income tax by 10%, but the huge surge in revenues under clinton came through the capital gains tax cut, not from the income-tax increase. lou: you and i have do what the repblicans, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of t, but but the realitys the republican party has not come up with a rejoinder, a respnse to a, if you will, a socialist redistributionist president who right now claims thefield is on because there is no other standard flying over that field. there is a spker of the house to is simply saying, this is not right. you know, we are not at the table and complaining, but not, not engaging. >> i think we have got to engage the argument. we cannot win the argument while acknowledging that an increase in tax rates would increase revenues and all. it will just today the top 1 percent are paying about 40 percent of the income tax. the top 25 percent are paying 87% of the income tax. it does not get any better than that. this is under the bush tax rates. you eliminate the tax rates and you will get less
he increased the income tax by 10%, but the huge surge in revenues under clinton came through the capital gains tax cut, not from the income-tax increase. lou: you and i have do what the repblicans, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of t, but but the realitys the republican party has not come up with a rejoinder, a respnse to a, if you will, a socialist redistributionist president who right now claims thefield is on because there...
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clinton drastically lowered the capital gains tax and that was where most of the new revenues came. but in general, 50 nations around the world have reduced their tax rates since wealth and poverty was published. drastically reduce tax rates. most of eastern europe now has flat tax is. in all these countries, revenues have boomed. there hasn't been a big craze this is anime and estonia. this in a past and estonia with 12% flat tax. the fact is supply-side economics is booming around the world. it's only in the united states that soul-searching and from this economics of enterprise. >> what is your analysis of what is happening in what donald rumsfeld recalled old europe? >> old europe is fallen with the indulgent dilutions of the welfare state. they've all accepted dependence on a show i've government and bass have destroyed the value of their assets. when you destroy the value of your assets, ultimately the human beings who make your economy go our investments and creations of work after. when you'd appreciate this asset, reliability is become impossible. if you unleashed the asset
clinton drastically lowered the capital gains tax and that was where most of the new revenues came. but in general, 50 nations around the world have reduced their tax rates since wealth and poverty was published. drastically reduce tax rates. most of eastern europe now has flat tax is. in all these countries, revenues have boomed. there hasn't been a big craze this is anime and estonia. this in a past and estonia with 12% flat tax. the fact is supply-side economics is booming around the world....
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bush, bill clinton, and george w. bush along with other key staffers from obama's campaign. on thursday, longoria wrote on twitter she's so excited and honored to co-chair the event. of course, more celebrity names will start popping up as the big day draws even closer since this is a president that was widely supported in hollywood. you may also remember that back in 2009, jay-z, beyonce, aretha franklin were at the 2009 inauguration. it is going to be another star-studded event and short time from now, right around the corner. >> get your tickets now. get them now. they will be sold out whatever it is, plane, train, automobile, whatever. thank you, kareen wynter. >>> for the latest entertainment headlines makes you sure you watch "showbiz tonight." hol dawes are here. how are some businesses finding ways to keep jobs while others are failing? tom foreman went looking for some answers in today's american journey. >> reporter: amid the bustle of broadway against the bad economy and crushing competition at the strand the show goes on. started more than 80 years ago, this inde
bush, bill clinton, and george w. bush along with other key staffers from obama's campaign. on thursday, longoria wrote on twitter she's so excited and honored to co-chair the event. of course, more celebrity names will start popping up as the big day draws even closer since this is a president that was widely supported in hollywood. you may also remember that back in 2009, jay-z, beyonce, aretha franklin were at the 2009 inauguration. it is going to be another star-studded event and short time...
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long tradition in arkansas, let's not forget one of the great presidents of the united states, bill clinton. we work hard down there but i can't get too specific on our prospects there yet. >> if i could return to the administration for a minute, governor. obviously, some governors are lobbying the white house on what they would like to see happen in some of the fiscal cliffs negotiations and some of the cut thass republicans and others want to make in these negotiations could impact state budgets. what do you see as your bottom line and what the cuts cannot do? -- or should not do. >> let's be clear about this, the president has this one right. we cannot balance this budget and make the changes we need to make in terms of the fiscal cliff, or or what i call the fiscal slope without ensuring that we ask the top 1% or 2% of the americans pay their fair share in income taxes. we all know that the top 1% or 2% is paying lower income taxes than any time in our history. they've had a great deal, president bush set that up for them but we as nation did better under the clinton tax policies where
long tradition in arkansas, let's not forget one of the great presidents of the united states, bill clinton. we work hard down there but i can't get too specific on our prospects there yet. >> if i could return to the administration for a minute, governor. obviously, some governors are lobbying the white house on what they would like to see happen in some of the fiscal cliffs negotiations and some of the cut thass republicans and others want to make in these negotiations could impact...
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clinton, and they told me that bill clinton and barack obama ave had a major falling out. lou: wow, afterll the campaigning? the elegant speech, really? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give the nominating speech and go out and campaign for obama, but in return, he wanted a couple things from the president. first, clinton wanted to be a allowed to name the next chairman of the democratic national committee to have effective control of the party apparatus and all the money that goes with that. lou: that's a big gift. >> well, he did a big deal for obama. lou: right. >> secondly, he wanted obama to agree that he would back hillary if she runs for president in 2016, and that was a verbal commitment he believed he had from barack obama. shortly after the election, according, again, to my sources, clinton sent obama a list of five names from which he could choose the next chairman of the democratic national convention. lou: a list from clinton to the president? >
clinton, and they told me that bill clinton and barack obama ave had a major falling out. lou: wow, afterll the campaigning? the elegant speech, really? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give the nominating speech and go out and campaign for obama, but in return, he wanted a couple things from the president. first, clinton wanted to be a allowed to name the next chairman of...
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the president's been very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot take a rate increase to his caucus unless it is accompanied by some signal of real entitlement cuts. something that they do now and give a down payment on for the future. i don't think you get -- could get rates through unless the president gave a little bit. and if you look at the document from the grand bargain back in july of 2011, the president was willing to give on that. so we'll have to see if they can get back to that. but again, has to be one significant item that they know they'll be able to build upon in the future. an item from both sides. >> neither side's going to be thrilled. but they've got to compromise. >> that's the way life usually works, doesn't it? >> certainly does. thank you. >>> meanwhile, huge announcement today on capitol hill. the con
the president's been very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot take a rate increase to his caucus unless it is accompanied by some signal of real entitlement cuts. something that they do now and give a down payment on for the future. i...
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. >>> we should get more information about the benghazi attack when secretary of state hillary clinton testifies at an open congressional hearing. her testimony will follow the release of a report by the state department's accountability review board. they have been under fire for their handling of the terror attack on the u.s. consulate in lib libya. >>> in egypt, president mohamed morsi is pushing forward with talks he hopes will end the political crisis in the country, but the opposition is calling for a boycott of the meeting. at least six people are dead after protests turned de eed vi after the last few days. they're protesting against the president and the new constitution. they say he's giving himself too much power, but morsi said the powers are only tempry and will become void when the new constitution is adopted. >> a hospital that employed a nurse who was fooled by a hoax. the nurse apparently killed herself friday after divulging confident information about prince william's wife to deejays from an australian radio station. in a statement, the hospital said it was extremely
. >>> we should get more information about the benghazi attack when secretary of state hillary clinton testifies at an open congressional hearing. her testimony will follow the release of a report by the state department's accountability review board. they have been under fire for their handling of the terror attack on the u.s. consulate in lib libya. >>> in egypt, president mohamed morsi is pushing forward with talks he hopes will end the political crisis in the country, but...
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syria from secretary of state hillary clinton. she said that any move by the assad regime to use chemical weapons against rebels would be considered crossing a red line by the united states. it would prompt action by the u.s. one official told cnn that there had been quote worrying signs of activity in syria over the last few days. i want to get to our panel this morning talk a little bit about that. barbara starr is cnn's pentagon correspondent. w. bell, a comedian who's the host of totally biased, and u.s. congresswoman ann hayworth is with us as well. barbara, what are the worrying signs? >> what our sources are telling us, soledad, last couple of days there have been new intelligence that the syrians are now moving their chemical weapons around in a very different way. not just consolidating for security purposes, but potentially moving them in a way that indicates they might be getting ready to use them. what do we mean by that? likelihood is what they're doing is using some of the chemical material closer or to the artillery
syria from secretary of state hillary clinton. she said that any move by the assad regime to use chemical weapons against rebels would be considered crossing a red line by the united states. it would prompt action by the u.s. one official told cnn that there had been quote worrying signs of activity in syria over the last few days. i want to get to our panel this morning talk a little bit about that. barbara starr is cnn's pentagon correspondent. w. bell, a comedian who's the host of totally...
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does it go up to 39.6%, where it was during the clinton administration, 37%. boehner says you know what, you can raise tax revenues by eliminating or capping loopholes or deductions. do it like that. the president awhile ago, about a year and a half ago said this. >> what we said was give us 1.2 trillion in additional revenues, which could be accomplished without hiking taxes, tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions, and engaging in a tax reform process that could have lowered rates generally while broadening the base. >> that was july, 2011. so what has changed? he says then -- seems to be where boehner is now. raise tax revenue capping deductions, limiting loopholes, not raising tax rates. >> if you listen to the president's entire statement he said as part of a larger tax reform proposal. the fact is you can't get the revenues that are necessary simply by eliminating deductions, unless you want to whack the middle class, and that's not something we can afford to do now. let's also make the point, wol
does it go up to 39.6%, where it was during the clinton administration, 37%. boehner says you know what, you can raise tax revenues by eliminating or capping loopholes or deductions. do it like that. the president awhile ago, about a year and a half ago said this. >> what we said was give us 1.2 trillion in additional revenues, which could be accomplished without hiking taxes, tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions, and engaging...
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soon they may hear from secretary of state hillary clinton. she will testify before a house committee on a state department report expected next week. u.s. ambassador to libya chris stevens and three other americans were killed when the consulate was stormed three months ago. >>> in britain, a prank call from an australian radio station to the hospital treating the duchess of cambridge has turned tragic. two deejays called the hospital, tricked a nurse to get information about katherine's condition. well, that nurse was found dead friday of an apparent suicide. she leaves behind a husband and two children. > the two deejays are suspended and the ceo of the station's parent company says he's confident his company did nothing illegal. >>> and more now on that story. cnn's matthew chance joins us live. matthew, good morning. this story certainly generating outrage not only in britain but around the world. >> reporter: yeah, it certainly is. a lot of outrage, a lot of anger being expressed on the social media pages of the radio station in sydney,
soon they may hear from secretary of state hillary clinton. she will testify before a house committee on a state department report expected next week. u.s. ambassador to libya chris stevens and three other americans were killed when the consulate was stormed three months ago. >>> in britain, a prank call from an australian radio station to the hospital treating the duchess of cambridge has turned tragic. two deejays called the hospital, tricked a nurse to get information about...
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secretary of state clinton said it would be a redlinebe for united states. back with the panel. it seems like this is serious today. the president weighing in. and the secretary of state. and action on the ground in syria increasing. >> no question they took the rhetoric to another level. there was a piece talking about how they consider a bolder approach on syria. to there was a precipitating event. the defection of the spokesman. either way, we are looking at white house obama administration taking this more seriously. the problem they face is a problem that they face in the sense of the last several months. the words don't mean as much now. they have been calling for assad to go for a year-and-a-half. they have been making the threats. very little of it has come to pass. there is very little action that supported the rhetoric over the course of the past year-and-a-half. if the stepped up rhetoric and hillary clinton identifying the use of chemical weapons as a redline which is well understood might give assad pause and people under him pause. it's the kind of situation where
secretary of state clinton said it would be a redlinebe for united states. back with the panel. it seems like this is serious today. the president weighing in. and the secretary of state. and action on the ground in syria increasing. >> no question they took the rhetoric to another level. there was a piece talking about how they consider a bolder approach on syria. to there was a precipitating event. the defection of the spokesman. either way, we are looking at white house obama...
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the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meetg with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and toda a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary clinton insisted that the united states and russia share common goals in the region. >> trying hard to work hard with russia to stop the bloodshed in syria and begin a political transition to a post asad future the pressure against the regime in and aroundamascus seems to be increasing. lou: at home, leon pa net fa issuing the -- panetta issuinghe sharpest warning yet. >> the president of t united states made it clear there will be consequences. there will be consequences if the assad regime makes a terrible mistake by using chemical weapons on their own people. lou: neither the white house or pentago
the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meetg with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and toda a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary...
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among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red line, if it you ask if he will accept anything else, he doesn't really answer. >> tax rates. are you -- is there no deal at the end of the year if tax rates for the top 2% aren't the clinton tax rates, period. no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a press conference at the cap
among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red line, if it you ask if he will accept anything else, he doesn't really answer. >> tax rates. are...
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that is the wanting today from secretary of state, hillary clinton. speaking at nato, secretary of state, hillary clinton added this time it is running out for bashar al-assad. >> we believe, as you know, that their fall is inevitable. it is a question of how many people will die until that date occurs. >>trace: investigators say syria could have thousands of chemical agents including cyanide and the deadly nerve gas. 40,000 people have died so far in the syrian civil war. now the fighting has spilled into neighboring lebanon, a nation where tens of thousands of syrians have sought refuge. officials in a northern city reported at least six people have died and more than 50 have been wounded in two days of violence. jonathan hunt is live today at the united nations. the big question is, will president assad stay and fight? will he seek asylum? >>jonathan: the turks and russians, they are saying they are working on what they call "new ideas to bring an end to the ongoing 20--month-old civil war." they have nut given any ideas or details what those ideas
that is the wanting today from secretary of state, hillary clinton. speaking at nato, secretary of state, hillary clinton added this time it is running out for bashar al-assad. >> we believe, as you know, that their fall is inevitable. it is a question of how many people will die until that date occurs. >>trace: investigators say syria could have thousands of chemical agents including cyanide and the deadly nerve gas. 40,000 people have died so far in the syrian civil war. now the...
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former president clinton held on to number 50. and tonight be sure to watch brian williams sit down with tim cook. by the way, he's number 35 on the forbes list. >> finally, no, this is no joke. pizza hut in canada sent more than 100 bottles of pizza cented perfume to facebook fans. the fragrance boasts freshly baked hand tossed dough. >>> some optimistic news in the fight against breast cancer. women who took the common estrogen blocking drug tamoxofin cut the chance of getting breast cancer in half. >>> coming up, corey booker lives on food stamps. the nfl steps in with a million dollars for jovan belcher's orphan daughter and high resolution images of your planet earth from space. the new technology uses filtering techniques that allows the images such as city lights, gas flares, auroras, wildfires and reflecting moonlight to be seen by the naked eye. ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than thos
former president clinton held on to number 50. and tonight be sure to watch brian williams sit down with tim cook. by the way, he's number 35 on the forbes list. >> finally, no, this is no joke. pizza hut in canada sent more than 100 bottles of pizza cented perfume to facebook fans. the fragrance boasts freshly baked hand tossed dough. >>> some optimistic news in the fight against breast cancer. women who took the common estrogen blocking drug tamoxofin cut the chance of getting...
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hillary clinton is a political powerhouse. whatever she chooses to do next i think that we will all be watching on the edges of our seats. >> maria, very quickly on that. >> i don't think she should reconsider that. i think she should consider running for president in 2016. i think there are a lot of people who agree with me on that. >> the big gulp probably won't be an issue in 2016, but we'll see. i'll leave it at that. thank you both. nice to see you again. amy holmes, maria cardona. have a great saturday. >> you, too. >>> a law designed to protect native american families has ripped this little girl away from the parents who love her. now they're petitioning the supreme court to get her back. matt and melanie will join me with their story. this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital o
hillary clinton is a political powerhouse. whatever she chooses to do next i think that we will all be watching on the edges of our seats. >> maria, very quickly on that. >> i don't think she should reconsider that. i think she should consider running for president in 2016. i think there are a lot of people who agree with me on that. >> the big gulp probably won't be an issue in 2016, but we'll see. i'll leave it at that. thank you both. nice to see you again. amy holmes,...
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when he talked about the popularity of bill clinton. that's not because of the color of clinton's eyes or the cut of his suit suits, that's bought cn had real economic growth that benefited most people. you have to keep your eye on that prize. what is going to be our answer as republicans to the party of raising living standards for most people. >> we have no idea what's going to happen between now and 2016. the world could change for all we know. the economic situation would change dramatically. we have no way of knowing. but it's fun to talk about the possibility of hillary clinton running for president -- >> i'm excited about the prospect that she might run again. >> are you surprised the president once again today went to michigan? it looked like a campaign rally. he's out there campaigning now for his position on the fiscal cliff and also campaigning against the anti-union vote that's coming up tomorrow in michigan. >> he certainly owes organized labor. and obviously if you're a democratic president and there's a ballot like this,
when he talked about the popularity of bill clinton. that's not because of the color of clinton's eyes or the cut of his suit suits, that's bought cn had real economic growth that benefited most people. you have to keep your eye on that prize. what is going to be our answer as republicans to the party of raising living standards for most people. >> we have no idea what's going to happen between now and 2016. the world could change for all we know. the economic situation would change...
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policy, have heard a lot about the increasing power and -- the revolutionary guard corps and hillary clinton said iran is edging closer to being a military dictatorship. i wonder when marina talks about this kind of long history of abuse of political prisoners, whether the agents of that abuse have changed over this 20-30 year span, and whether the increased role of the irgc has an impact on the human rights landscape? is the power of the military in iran actually making matters even worse? >> thanks very much, ladies and gentlemen, and thanks for arranging a panel discussion about human rights. it's rather interesting that in this city, washington, dc. most panels about iran are about the nuclear program and almost nothing about the political prisoners. it send a terrible signal to the iranian public because it means you do care about your own security, you do care about the implications of the islamic republic becoming a nuclear armed state, but what happens in iran does not matter to the washington elite. this is the signal washington has been sending to iran, and i think this panel and i
policy, have heard a lot about the increasing power and -- the revolutionary guard corps and hillary clinton said iran is edging closer to being a military dictatorship. i wonder when marina talks about this kind of long history of abuse of political prisoners, whether the agents of that abuse have changed over this 20-30 year span, and whether the increased role of the irgc has an impact on the human rights landscape? is the power of the military in iran actually making matters even worse?...